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What is the 67% inheritance tax trap on pensions – and can you avoid it?
Your loved ones could find themselves paying an effective tax rate of 67% once pensions are brought into the inheritance tax net from April 2027. The concern has sparked an increase in wealth transfer conversations with financial planners.
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Pension tax refunds: how to get your money back if you have been overcharged
Over £1.4 billion has been reclaimed in pension tax overpayments since 2015. Could you be due a refund?
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Should you take a 25% tax-free pension lump sum in instalments?
Taking out a 25% tax-free lump sum from your pension sounds appealing but it might not be the best way to manage your retirement savings.
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Spring Statement: what could Rachel Reeves say about pensions?
The chancellor will deliver her Spring Statement on 26 March. We look at whether there will be any announcements on pensions that could affect savers or retirees
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State pension could rise to £12,600 next year - dragging millions into paying tax
The triple lock could trigger a 5.5% increase to the state pension in April 2026, economists suggest. This means the full state pension will breach the tax-free personal allowance
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HMRC vows to tackle overtaxed pension scandal as pensioners reclaim millions
Pensioners claimed almost £50 million in pension tax overpayment refunds in the past three months. Now, HMRC says it wants to improve the system so pension savers “pay the right amount of tax from the outset”. We explain what’s changing
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Pensions face “double tax” due to inheritance tax change - what are your options?
The chancellor’s Budget announcement that pensions will be liable for inheritance tax from April 2027 will have big implications for many people’s retirement plans. We look at what to do now to avoid a huge tax bill
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Autumn Budget 2024: Pensions and Aim shares to be taxed in IHT crackdown
The chancellor has announced that pension pots will be liable for inheritance tax from 2027, while Aim shares will be hit a year earlier. Critics call the measures a “blow for savers”
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Pension moves you should make before Labour’s Budget raid
Savers are maxing out their pension contributions while retirees are grabbing their tax-free cash amid fears of a tax raid in the Autumn Budget. We look at what you can do to prepare
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